From BigGo Finance · BigGo Finance · · 1m 20s
Dollar-yen trades near 158 as markets watch US jobs data
Dollar-yen holds near 158 yen as markets weigh US jobs data and Middle East risks.
In brief
Dollar-yen holds near 158 yen as markets weigh US jobs data and Middle East risks. Dollar-yen trades in lower 158 range in Tokyo amid focus on US jobs data and Middle East risks. Originally reported by BigGo Finance.
Tokyo dollar-yen trading range
Dollar-yen trades in lower 158 range in Tokyo as market eyes US jobs data and Middle East risks.
Previous day's market activity
Yen buying briefly gained upper hand on falling US long-term yields but dollar recovered due to Middle East risks.
Key market participants
Market participants focus on US and Japanese monetary policy outlook with Fed Chair Warsh and BOJ Deputy Governor Himino expressing concerns.
Trading ranges today
Dollar-yen trades 158.05, 158.18 yen with euro-yen at 177.52, 177.68 yen and euro-dollar at $1.1229, $1.1236.
Market expectations
Market expects dollar-yen range of 157.50, 158.60 yen with wait-and-see stance ahead of FOMC and BOJ policy meetings.
US monetary policy outlook
Fed Chair Warsh provides no clear rate hike direction while BOJ Deputy Governor Himino worries about delayed monetary easing adjustments.
What happens next
Market participants likely to avoid aggressive trading as dollar-yen remains near lower 158 level ahead of policy meetings.
The bottom line
Dollar-yen trades in lower 158 range in Tokyo amid focus on US jobs data and Middle East risks.
